EU H4 about to test 100 & 200 MA, 38.2 %fib and the trend line.
Are we there yet for shorts? also Daily testing 200MA
Are we there yet for shorts? also Daily testing 200MA
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DislikedGeppy , I was waiting for your response on my reasoning for the direction Eur/Usd I posted earlier in response to your weekly preview.Ignored
Disliked{quote} Guess I missed it, and I obviously can't reply to every post. My stance on EUR/USD is pretty clear from the outlook.Ignored
Disliked{quote} I know You are short EUas I read your report and sent you an admiration post for the weekly report but I disagreed with you on the direction of Eur/Usd for some reasons mentioned 3 pages back on p.103. I will really appreciate if you check it and reply so as to the benefit of us all thread members.Ignored
DislikedFor today, there is only the one possible trade that stands out (for my inexperienced eyes anyway)... USD/CAD, a nice engulfing BEOB which comfortably closed below a PPZ. I'm expecting a retrace to the 1.3375 - 1.340 area (give or take) before moving southward. There's some bumps on the way down but maybe to the 1.32x, PA will give more clues as it unravels. {image}Ignored
Disliked{quote} Sorry, I really don't have the time today. I took the time to outline my views. If you disagree, that's fine. Everyone should trade their own analysis.Ignored
Disliked{quote} Got a near perfect retrace entry. Price has moved below the 200sma and i'm hoping it is now resistance, although it's too early to tell. {image}Ignored
Disliked{quote} Good Call, UC is the only trade for me that I got on the negative right now as my all other long positions on EU, GU and GJ are beautifully in the positive area. The only thing I was waiting to get long is UJ and just did @ 113.25.Ignored
Disliked{quote} Sorry F147 but i'm confident U/C will get to my TL. I'll walk naked to Timbuktu with only a Sombrero and Flip-Flops if it doesn't With U/J, price is very near the middle of a channel ("no man's land"). Yes it's only a short-term channel but worth considering nonetheless. If you have the time, i would love to hear your analysis on why a long entry now F147 {image}Ignored
Disliked{quote} Sorry F147 but i'm confident U/C will get to my TL. I'll walk naked to Timbuktu with only a Sombrero and Flip-Flops if it doesn't With U/J, price is very near the middle of a channel ("no man's land"). Yes it's only a short-term channel but worth considering nonetheless. If you have the time, i would love to hear your analysis on why a long entry now F147 {image}Ignored
Disliked{quote} I'm looking for a long position hopefully when prices retrace to the 1.0960-1.0940 area, or prices goes back into the channel as per chart attached. initial target 1.12 area., with SL under hourly MA. I just noticed that your risk / reward ratio is not that tempting and often lead to whipsaw. {image}Ignored
Disliked{quote} So Pip Miner , do I deserve a score for that so far??lol..Ignored
Disliked{quote} Lol lets just see how the trade develops but your in positive pips so good for you. I would love to see you have a go at a weekly report yourself, I think you have some good ideas that could be shared with the community.Ignored
Disliked@ Geppy there is no way i would place a trade right now on the 200sma until PA reveals itself. My trade was from much earlier in the day and i have moved to small profit in case it bounces up hard. On my feed when i draw a line where the 200sma is D1, then drill down to the 4h/1h, price moved through and is retracing and bouncing up and down underneath the 200sma. In other words it's acting as resistance for now. But as i also said in my post above, it's too early to tell! @ Forex147, isn't a TL (trendline) a form of support and resistance? BRN's,...Ignored